§ 44-14-2. Definitions.
For the purposes of this chapter:
(1) "Administrator� means the tax administrator in the department of revenue appointed
under the provisions of § 44-1-1;
(2) "Banking institution� means every state bank, federal savings bank, trust company,
national banking association, mutual savings bank, building and loan association,
and loan and investment company, but shall not include a credit union, or a corporation
specified in § 44-11-1(4)(i);
(3) "Director� means the head of the department of revenue appointed under the provisions
of § 42-142-1;
(4) "Income period� means the calendar year or the fiscal year, or portion, next preceding
the taxable year;
(5) "Securities� includes, but shall not be limited to:
(i) Shares of stock or certificates of beneficial interest, or rights to buy the shares
or certificates, of a corporation, joint-stock company, association, or business trust;
(ii) Bonds, debentures, notes, certificates, or other evidences of indebtedness of any
individual, partnership, corporation, joint-stock company, association, or business
trust, including those issued by the United States government or any state, or political
subdivision of either, or issued by any foreign country or nation or political subdivision
thereof;
(6) "Taxable year� means the calendar year in which the tax is payable or fiscal year
ending during that calendar year, upon the basis of which the tax is computed under
this chapter. "Taxable year� means, in the case of a return made for a fractional
part of the year under provisions of this chapter or under regulations prescribed
by the tax administrator, the period for which the return is made. The term "fiscal
year� means an accounting period of twelve (12) months ending on the last day of any
month other than December. The taxable year of a banking institution shall be the
same for purposes of this chapter as it is for federal income tax purposes;
(7) "Taxpayer� means any banking institution subject to any tax imposed by this chapter.